Robert Zoellick

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Robert Zoellick

An American lawyer who spent most of his career in government service. He served in the U.S. Department of State and later was the U.S. Trade Representative. In 2007, he became president of the World Bank.

London, June 17 ( ANI ): The head of the World Bank, Robert Zoellick, will warn participants at the G20 summit in Mexico that the Euro crisis could spark a Lehman-style global sacre that will have dire consequences for developing nations.

Outgoing World Bank president Roberd Zoellick has warned that financial troubles in Europe could trigger a new global crisis, just at a time that Greece is holding parliamentary elections seen as crucial for the eurozone.

Summary: Europe's leaders are doing too little too late to solve the region's debilitating sovereign debt crisis and must act quickly, World Bank chief Robert Zoellick said in an interview released on Sunday.

World Bank President Robert Zoellick is calling for the issuiing of a supranational "euro bond" that would be backed by credit guarantees from stronger euro zone economies while providing cheaper funding to struggling ones.

NEW DELHI: Amid a global debate about who should succeed him as World Bank president, Robert Zoellick said Friday that it is important for US candidates to get top leadership roles in international institutions if the world wants to keep Washington supporting them.

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